Not too much to report this month, again.

I did notice that I’m spending more on food than in previous months. I’ve been eating more meals with my girlfriend recently so that’s probably a contributing factor.

The market has continued to relentlessly go up, despite the continuing deleterious economic effects of the COVID19 pandemic. As I write this, the US market is at an all-time high, despite an unemployment rate of about 10% (more than double what it was pre-pandemic), record-breaking GDP contraction (31.7% annualized), and earnings of most companies have been severely impacted. I’ve heard theories that some of the seemingly-irrational increase can be attributed to closure of sports leagues, so sports bettors have moved to stock market speculation as a substitute. Personally, I’m not so sure about this explanation as retail investors typically have much lower volume than institutional investors. I think it’s more likely that the combination of zero interest rate policy and massive financial stimulus has lead to a market bubble. As always, I’m not altering my investment strategy in response to market moves, but it’s still interesting to watch.

Here’s my August expenses:

Category 08/20 Comments
Rent $980.54 Regular rent + $50 for company sharehouse
Internet $17.37
Cell Phone $32.10
Natural Gas $14.61
Electricity $104.30 Bill for 3 month period due to timing of my payments
Water $35.96 I pay every 2 months
Groceries $467.84
Transport $272.58 3 month train pass for Tokyo
Health $204.88 Health insurance and masks
Other $23.96 Postage
Necessary $2,154.14 More than average for the month
Restaurants $156.54
Entertainment $0.00
Shopping $215.54
Travel/Parking $0.00
Gifts/Donations $9.94
Software/Games $99.12 1 year of password manager + moved domain names
Business $0.00
Other $0.00
Discretionary $481.14 Less than average for the month
Total Expenses $2,635.29 More than average for the month
Gross Income $3,589.96 Salary
Taxes $423.42
Net Income $3,166.55 About average
Savings $531.26 Less than average for the month
Savings Rate 16.78% Less than average for the month

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 9 months.